Duane J. Reed, foreclosure

Published 1:27pm Friday, October 26, 2012

(First Publication October 19, 2012)

NOTICE OF MORTGAGE FORECLOSURE SALE

THE RIGHT TO VERIFICATION OF THE DEBT AND IDENTITY OF THE ORIGINAL CREDITOR WITHIN THE TIME PROVIDED BY LAW IS NOT AFFECTED BY THIS ACTION.

NOTICE IS HEREBY GIVEN, that default has occurred in conditions of the following described mortgage:

DATE OF MORTGAGE:
August 10, 2005

MORTGAGOR: Duane J. Reed, an unmarried man.

MORTGAGEE: First Franklin, a Division of National City Bank of Indiana.

DATE AND PLACE OF RECORDING:  Recorded August 19, 2005 Otter Tail County Recorder, Document No. 982343.

ASSIGNMENTS OF MORTGAGE:   Assigned to:  First Franklin Financial Corporation.  And thereafter assigned to:  U.S. Bank National Association, as trustee for the holders of the First Franklin Mortgage Loan Trust Mortgage Pass-Through Certificates, Series 2005-FF10.

TRANSACTION AGENT:  NONE
TRANSACTION AGENT’S MORTGAGE IDENTIFICATION NUMBER ON MORTGAGE:  NONE

LENDER OR BROKER AND MORTGAGE ORIGINATOR STATED ON MORTGAGE:  First Frankiln, a Division of National City Bank of Indiana

RESIDENTIAL MORTGAGE SERVICER:  Select Portfolio Servicing, Inc.

MORTGAGED PROPERTY ADDRESS:  49524 County Hwy 8, Perham, MN 56573

TAX PARCEL I.D. #:  12000350252001

LEGAL DESCRIPTION OF PROPERTY:
A certain tract or parcel of land in Otter Tail County, in the State of Minnesota, described as follows:
A tract of land located in the Northwest Quarter (NW1/4) of Section Thirty-five (35), township One hundred Thirty-seven (137), Range Thirty-eight (38), more particularly described as follows:
Beginning at the Northwest corner of said Section; thence East along the North line of said section a distance of 425 feet; thence Southerly and parallel to the West line of said Section a distance of 155 feet; thence Southwesterly to a point on the West line of said section which is 173 feet South of the point of beginning; thence Northerly along the West boundary of said section to the point of beginning and there terminating. Subject to all roadways and rights-of-way thereto.

COUNTY IN WHICH PROPERTY IS LOCATED: Otter Tail

ORIGINAL PRINCIPAL AMOUNT OF MORTGAGE: $90,250.00

AMOUNT DUE AND CLAIMED TO BE DUE AS OF DATE OF NOTICE, INCLUDING TAXES, IF ANY, PAID BY MORTGAGEE: $91,931.69
That prior to the commencement of this mortgage foreclosure proceeding Mortgagee/Assignee of Mortgagee complied with all notice requirements as required by statute; That no action or proceeding has been instituted at law or otherwise to recover the debt secured by said mortgage, or any part thereof;

PURSUANT to the power of sale contained in said mortgage, the above described property will be sold by the Sheriff of said county as follows:

DATE AND TIME OF SALE: December 6, 2012 at 10:00 AM

PLACE OF SALE: Sheriff’s Office, Otter Tail County Courthouse, North Door, 121 West Junius, Fergus Falls, MN

to pay the debt then secured by said Mortgage, and taxes, if any, on said premises, and the costs and disbursements, including attorneys’ fees allowed by law subject to redemption within    six (6) months from the date of said sale by the mortgagor(s), their personal representatives or assigns unless reduced to Five (5) weeks under MN Stat. ß580.07.

TIME AND DATE TO VACATE PROPERTY: If the real estate is an owner-occupied, single-family dwelling, unless otherwise provided by law, the date on or before which the mortgagor(s) must vacate the property if the mortgage is not reinstated under section 580.30 or the property is not redeemed under section 580.23 is 11:59 p.m. on _June 6, 2013_, unless the redemption period is reduced to 5 weeks under MN Stat. Secs. 580.07 or 582.032.

MORTGAGOR(S) RELEASED FROM FINANCIAL OBLIGATION ON MORTGAGE:None

“THE TIME ALLOWED BY LAW FOR REDEMPTION BY THE MORTGAGOR, THE MORTGAGOR’S PERSONAL REPRESENTATIVES OR ASSIGNS, MAY BE REDUCED TO FIVE WEEKS IF A JUDICIAL ORDER IS ENTERED UNDER MINNESOTA STATUTES, SECTION 582.032, DETERMINING, AMONG OTHER THINGS, THAT THE MORTGAGED PREMISES ARE IMPROVED WITH A RESIDENTIAL DWELLING OF LESS THAN FIVE UNITS, ARE NOT PROPERTY USED IN AGRICULTURAL PRODUCTION, AND ARE ABANDONED.”

Dated:
October 3, 2012

U.S. Bank National Association, as Trustee
Mortgagee/Assignee of Mortgagee

USSET, WEINGARDEN AND LIEBO, P.L.L.P.
Attorneys for Mortgagee/Assignee of Mortgagee
4500 Park Glen Road #300
Minneapolis, MN 55416
(952) 925-6888
38 – 12-001018 FC

THIS IS A COMMUNICATION FROM A DEBT COLLECTOR.

Publication Date: October 19, 26. November 2. 9. 16. 23. 2012

Editor's Picks

Blizzard watch in effect; fishing derby postponed [UPDATED]

A blizzard watch is in effect for western Minnesota and the eastern Dakotas. It is expected to arrive Saturday night and last through Sunday night. ... Read more

Teachers, school board get closer to agreement

Contract talks between the Fergus Falls Teachers Association and the Fergus Falls School Board have come closer after the second round of mediation, but a ... Read more

Faster broadband suggested as some rural areas remain behind

ST. PAUL (FNS) — A Minnesota broadband task force recommends increasing state Internet speed guidelines even as many rural Minnesotans lack service at current, slower ... Read more